Building Details

Building Size 1,301 SF

Listing Agency: Coldwell Bnkr/Commercial Div p***@cbcre.com Show Phone

Listed By: Pam Rushing · License #200202271 Show Phone

Source: Allprofessionalsre

Added: Jan 24, 2025 Changed: Aug 30 Last Checked: Aug 31 at 5:13PM

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Investment Insights

Based on property information with market context.

This retail space is located at 134 Lancaster Drive SE in Salem, Oregon. The property carries CR zoning and offers ample parking for customers and visitors. Neighboring Walgreens and Little Caesars provide established retail and food-service presence immediately around the site. The address places the space along Lancaster Drive SE, within a retail corridor serving the surrounding area.

Key Highlights

• CR zoning
• Ample parking available
• Neighboring Walgreens and Little Caesars

Property Analytics

Current Use

Your CBD Store ... Specialty Food Shop

Suggested Use

Top Pick Real Estate Agency Law Firm Big Box & Wholesale Store Building Supply HVAC Service Spa & Massage Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)

Lease Type

Location Intelligence

Trade Area within ½ mile

690

Businesses Nearby

Explore this area Business Placement

Demographics for 97317, OR

25,852

Population

9,024

Households

2.9

Avg Household Size

38

Median Age

22%

College-Educated

86%

High-School Grad

55.2 sq mi

ZIP Area

468

Density / Sq Mi

$81,208

Median Household Income

$39,794

Median Earnings

$1,370

Median Rent

$382,500

Median Home Value

Market

Lease Benchmarks for Salem, OR

$34.1 /SF/Yr

Avg Asking Price

$10–$117 /SF/Yr

Price Range

10,545 SF

Avg Space Size

Vacancy Rate% for Retail in West region

7% 2020

6.3% 2021

5.5% 2022

5.3% 2023

5.5% 2024

5.8% 2025

Questions? Ask Rey

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What type of property is this? Where is this retail space located? What is the lease rate? Find similar properties ... What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Retail space - CR-zoned space includes parking and sits beside Walgreens and Little Caesars.

Where is this retail space located?

The property is located at 134 Lancaster Dr SE Salem, OR.

What is the lease rate?

The lease rate is $78,060.

What are key features of this property?

This property features: CR zoning; Ample parking available; Neighboring Walgreens and Little Caesars